Dividend reinvestment is a powerful strategy that too few investors take advantage of, largely because it rarely gets talked about by the financial community. Dividend reinvestment pays you more over the long haul because it puts your dividends to work. When you use your dividends to purchase more shares, those additional shares pay you higher dividends, which in turn buy you more shares.

In a nutshell, dividend reinvestment compounds your growth and can increase your income potential exponentially.

But as much as we love dividend reinvesting, there's one thing we like even better: monthly dividend payers.